FISCAL

PLANNING & ITS RELEVANCE TO

URBAN DEVELOPMENT
BAGUIO CITY
GROUP MEMBERS:
BANASAN, CLEARYNE | BILLOD, JHUDE P. | FATONGKEG, SHANNON | SIM, ALLISON | TUBONGBANUA, ANN Ginmel
FISCAL
PLANNING
A CRUICIAL ASPECT OF MANAGING A
CITY’S RESOURCES AND ENSURING ITS
SUSTAINABLE DEVELOPMENT.

INVOLVES THE CAREFUL ALLOCATION OF

FINANCIAL RESOURCES TO VARIOUS CITY
PROJECTS AND SERVICES, BOTH SHORT-
TERM AND LONG-TERM COSTS.
RELATION OF FISCAL AND
URBAN PLANNING
EFFICIENT PLANNING AND BUDGETING ARE
CRUCIAL FOR QUALITY INFRASTRUCTURE.
PLANNING ESTABLISHES GOVERNMENT
GOALS, POLICIES, AND TARGETS, WHILE
BUDGETING TRANSLATES THESE INTO
ACTION BY ALLOCATING RESOURCES
EFFECTIVELY.
 FACTORS AFFECTING
FISCAL PLANNING
1. OBJECTIVES- OBJECTIVES SHOULD BE MADE IN LIGHT OF
ORAGANIZATIONAL OBJECTIVES.
2. REQUIREMENT OF ORGANIZATION- THE FINANCIAL PLAN SHOULD BE
BASED ON THE PRESENT AND FUTURE REQUIREMENT OF THE
ORGANIZATION.
3. ECONOMY- THE CAPITAL STRUCTURE SHOULD BE SUCH THAT THERE
SHOULD BE A BALANCE BETWEEN THE COST OF THE FUNDS AND
SERVICES TO BE DERETMINED.
4. FLEXIBILITY- FINANCIAL PLANNING SHOULD BE SUCH THAT IT ENSURES
FELXIBILITY TO UTILIZE THE FUNDS INTO MORE PROFITABE MANNER.
KEY ELEMENTS OF FISCAL
PLANNING

MINIMUM FUND KEY BUDGET AND FISCAL

BALANCE POLICIES
-ENSURE STABILITY SOURCES OF REVENUE
- 50 MILLION EXPENDITURES
SECTOR ALLOCATION
 BUDGET AND BUDGETARY
PROCESS
WHAT IS THE DEFINITION OF BUDGET?

AN OPERATIONAL PLAN FOR A DEFINITE PERIOD USUALLY A YEAR,

EXPRESSED IN FINANCIAL TERMS AND BASED ON EXPECTED
INCOME AND EXPENDITURE.

A FACTUAL AND EXACT DETAIL OF AN ENTERPRISE'S WHOLE

OPERATION IN TERMS OF MONEY.
STEPS IN BUDGETTING PROCESS
(LOCAL GOVERNMENT UNITS, LGUs)
 BAGUIO FISCAL PLAN 2024
SOURCES OF INCOME BAGUIO ESTIMATED INCOME
TAX & NON-TAX REVENUE P630 810 000 & P565 977 000
BAGUIO CITY ECONOMIC P250 000 000
ZONE
INTERNAL REVENUE P1 234 987 171
ALLOTMENT (IRA)
PHILIPPINE CHARITY P3 500 000
SWEEPSTAKES OFFICE +P50 000 000 BEGINNING BALANCE
(PCSO)
2024 BUDGET : P2.74 BILLION
 BAGUIO FISCAL PLAN 2024
SECTOR ALLOCATION & EXPENDITURE

PERSONNEL SERVICES P935 000 000

MAINTENANCE & OTHER OPERATING P1 179 501 171

EXPENSE

CAPITAL OUTLAY P75 939 000

LOCAL DEVELOPMENT FUND P410 000 000

TOTAL : P2 600 440 171

BALANCE : P139 559 829
 GOVERNMENT OFFICES INVOLVED IN
FISCAL PLANNING
NATIONAL LEVEL:
DEPARTMENT OF FINANCE (DOF)
- THE GOVERNMENT’S STEWARD OF SOUND FISCAL POLICY.
-THEY FORMULATE REVENUE POLICIES TO FUND CRITICAL GOVERNMENT PROGRAMS, PROMOTE WELFARE, AND ACCELERATE
ECONOMIC GROWTH AND STABILITY.
FISCAL POLICY AND MONITORING GROUP (FPMG):
- UNDER THE DEPARTMENT OF FINANCE (DOF) FPMG IS RESPONSIBLE FOR:
- FORECASTING AND PROGRAMMING REVENUES OF THE NATIONAL GOVERNMENT (NG).
- CASH PROGRAMMING AND MONITORING OF NG FINANCES.
- FORMULATING AND SHEPHERDING TAX REFORM PROPOSALS AND OTHER FISCAL POLICY RECOMMENDATIONS. - SERVING AS THE
LEGISLATIVE LIAISON ARM OF THE DOF.
FISCAL POLICY AND PLANNING OFFICE (FPPO):
- THE FPPO FOCUSES ON LONG-RANGE AND ANNUAL PROJECTIONS RELATED TO:
- REVENUE NEEDS
- CASH POSITION
- BORROWING CAPACITY OF THE NG.
- IT SUPERVISES THE POLICY RESEARCH AND DEVELOPMENT ON FISCAL AND TAX MEASURES.
POLICY, RESEARCH, AND LIASON OFFICE:
- RESPONSIBLE FOR TAX POLICY FORMULATION, LEGISLATIVE LIASON WORK, AND INFORMATION DISSEMINATION.
- CONDUCTS STUDIES, SIMULATIONS, AND PREPARES DOF POSITION PAPERS/COMMENTS ON TAX AND FISCAL
-RELATED BILLS.
- COLLABORATES WITH OTHER AGENCIES AND LEGISLATORS.
GOVERNMENT OFFICES INVOLVED IN
FISCAL PLANNING
REGIONAL LEVEL
OFFICE OF THE LOCAL GOVERNMENT FINANCE (OLGF)
- THEIR RESPONSIBILITIES INCLUDE MANAGING LOCAL
FISCAL OPERATIONS AND REAL PROPERTY TAX
ADMINISTRATION.
REGIONAL DEVELOPMENT COUNCILS (RDCS):
- THEY COLLABORATE WITH REPRESENTATIVES FROM
VARIOUS REGIONAL OFFICES OF RELEVANT
DEPARTMENTS (E.G., DEPARTMENT OF AGRICULTURE,
DEPARTMENT OF THE INTERIOR AND LOCAL GOVERNMENT,
AND DEPARTMENT OF ENVIRONMENT AND NATURAL
RESOURCES) TO PROVIDE INPUTS FOR REGIONAL
ECONOMIC DEVELOPMENT REPORTS.
DEPARTMENT OF BUDGET AND MANAGEMENT (DBM):
- CONDUCTING FISCAL POLICY RESEARCH AND PLANNING.
- DEVELOPING FISCAL AND BUDGETING FRAMEWORKS.
- SETTING INDICATIVE ANNUAL AND MULTI-YEAR BUDGET
CEILINGS.
- PRIORITIZING SECTORAL EXPENDITURES IN
COORDINATION WITH OTHER DBM OFFICES AND
IMPLEMENTING AGENCIES
MUNICIPAL LEVEL
COMPREHENSIVE DEVELOPMENT PLAN (CDP):
- THE CDP SERVES AS A STRATEGIC BLUEPRINT FOR THE
DEVELOPMENT OF A CITY OR MUNICIPALITY. IT
ENCOMPASSES VARIOUS ASPECTS SUCH AS LAND USE,
INFRASTRUCTURE, SOCIAL SERVICES, AND ECONOMIC
GROWTH.
OFFICE OF LOCAL GOVERNMENT FINANCE (OLGF):
- THE OLGF, UNDER THE DEPARTMENT OF FINANCE (DOF),
EXERCISES DIRECT SUPERVISION OVER REGIONAL
OFFICES AND LOCAL TREASURY AND ASSESSMENT
OFFICES AT THE PROVINCIAL, CITY, AND MUNICIPAL
LEVELS. ITS RESPONSIBILITIES INCLUDE MANAGING LOCAL
FISCAL OPERATIONS AND REAL PROPERTY TAX
ADMINISTRATION.
DEPARTMENT OF BUDGET AND MANAGEMENT (DBM):
- IT REVIEWS ANNUAL AND SUPPLEMENTAL BUDGETS,
ALLOCATES THE INTERNAL REVENUE ALLOTMENT (IRA) TO
LGUS, AND ENSURES PROPER UTILIZATION OF NATIONAL
WEALTH SHARES
THANK
YOU
REPORTER: FATONGKEG, SHANNON
BILLOD, JHUDE P.
WRITE UP: BANASAN, CLEARYNE
TUBONGBANUA, ANN GINMEL R.
PPT: SIM, ALLISON JADE IONA